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Council weighs applying FY2025 curtailments and fund balance to lower FY2026 tax rate
Summary
Council members discussed using roughly $325,000 in curtailments and fund balance to reduce the FY2026 mill/ tax rate, noted potential downstream impacts to TIF and future budgets, and asked staff to provide line‑by‑line carryover and ARPA accounting before committing to a final figure.
Councilors spent substantial time discussing whether to apply carryover curtailments and surplus funds to reduce the FY2026 tax rate.
The chair framed the proposal as consistent with earlier curtailment decisions: take the money held back from FY2025 and use it to give taxpayers relief in FY2026. Members cautioned that deploying the carryover now could increase pressure on next year's budget if spending levels remain the same and noted that some curtailments and TIF expenditures have downstream impacts.
One councilor asked staff to provide a line‑by‑line accounting of curtailments and a clear calculation of carryover available; another asked the finance officer to trace ARPA fund accounting because ARPA dollars must be tracked and obligated separately. The council agreed to have staff return with specific numbers before finalizing the mill rate and any TIF or fund‑balance allocation.
